Neo Leadership Foundation

Nonprofit profile at a glance

EIN
273049837
IRS 990-EZ coverage
2011–2024
Forms available
Form 990-EZ 2024
Location
Cleveland, OH, USA
Phone
2162102315
Rating
96
Verdict
STRONG
Rating confidence
Moderate
Sector
Professional Societies & Associations
Affiliation
Christianity

Official website

Reported finances

Revenue
$122,683
Expenses
$123,186
Assets
$7,744
Liabilities
$2,060

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Daniel Colantone (President)

People named in this filing

  • Daniel Colantone (President)
  • Richard Veres (Chairman)
  • Timothy C Smith (Vice Chairman, Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

NEO Leadership Foundation was organized to encourage and further develop Christian leaders and ministries, primarily in Northeastern Ohio.

What it reported doing in 2024

NEOLF has affiliated with Leadershlp Foundations, which has contributed to the growth of vision and consideration of other ministry activities. We now periodically convene ministry, church and marketplace leaders to better understand and meet community needs. NEOLF has initiated a partnership model with ministries. Working with them to support and encourage their efforts, and develop and grow resources. Ongoing areas of interest are supporting charities for lasting change, housing for those in need, engaging leaders of good faith and will, encouraging collaboration and developing emerging leaders.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -0.4%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0.27; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 60.9%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 12.5% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 11.2% per year; rating input score 100; 70th percentile among comparable filings
  • Asset growth: 2.7% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $123K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 12 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.